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Reseach Article

A Survey of Fraud Detection Techniques for Credit Card based Transaction Processing

Published on May 2015 by Siddhartha Choubey, Siddhartha Choubey, Abha Choubey
National Conference Potential Research Avenues and Future Opportunities in Electrical and Instrumentation Engineering
Foundation of Computer Science USA
ACEWRM2015 - Number 2
May 2015
Authors: Siddhartha Choubey, Siddhartha Choubey, Abha Choubey
47739b2d-5675-46ff-ae39-b6846da884de

Siddhartha Choubey, Siddhartha Choubey, Abha Choubey . A Survey of Fraud Detection Techniques for Credit Card based Transaction Processing. National Conference Potential Research Avenues and Future Opportunities in Electrical and Instrumentation Engineering. ACEWRM2015, 2 (May 2015), 11-14.

@article{
author = { Siddhartha Choubey, Siddhartha Choubey, Abha Choubey },
title = { A Survey of Fraud Detection Techniques for Credit Card based Transaction Processing },
journal = { National Conference Potential Research Avenues and Future Opportunities in Electrical and Instrumentation Engineering },
issue_date = { May 2015 },
volume = { ACEWRM2015 },
number = { 2 },
month = { May },
year = { 2015 },
issn = 0975-8887,
pages = { 11-14 },
numpages = 4,
url = { /proceedings/acewrm2015/number2/20904-6029/ },
publisher = {Foundation of Computer Science (FCS), NY, USA},
address = {New York, USA}
}
%0 Proceeding Article
%1 National Conference Potential Research Avenues and Future Opportunities in Electrical and Instrumentation Engineering
%A Siddhartha Choubey
%A Siddhartha Choubey
%A Abha Choubey
%T A Survey of Fraud Detection Techniques for Credit Card based Transaction Processing
%J National Conference Potential Research Avenues and Future Opportunities in Electrical and Instrumentation Engineering
%@ 0975-8887
%V ACEWRM2015
%N 2
%P 11-14
%D 2015
%I International Journal of Computer Applications
Abstract

The wide emergence of electronic-commerce has widened the extensive usage of credit card for online transactions. However, there is also a high rise in malicious transaction and fraudulent associated with the credit cards. In this study we present several models and algorithm used in data mining for the detection of such malicious fraudulents or thefts. Such algorithm learns the transaction patterns and cluster the pattern of sequences usually involving with the processing of transactions to inhibit such malicious transactions made in the future.

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Index Terms

Computer Science
Information Sciences

Keywords

Online Transactions Credit Card Credit Card Fraud Detection Techniques Credit Bureaux Data Mining Techniques Fraud Detection